Question
You take a long position in one XYZ July 125 call contract for a premium of $5. You hold the option until the expiration date,
You take a long position in one XYZ July 125 call contract for a premium of $5. You hold the option until the expiration date, when XYZ stock sells for $123 per share. What is your profit on this investment on a per share basis?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
